Great time for sellers to list their home
August 10th, 2010
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Sales volume of Texas homes up for third quarter in a row
According to the latest Texas Quarterly Housing Report, covering second quarter 2010, the volume of real estate sales in Texas increased for the third quarter in a row, possibly spurred by renewed job growth in the state and the expiration of federal homebuyer tax credits.
The Texas Quarterly Housing Report is issued four times a year by the Texas Association of REALTORS® with multiple listing service (MLS) data compiled and analyzed by the Real Estate Center at Texas A&M University.
For the period of April through June 2010, sales of existing single-family homes increased 14% to 66,079 compared to the same quarter of the prior year. Over the same time period, the median price of homes in Texas remained virtually unchanged at $149,200. The months of inventory of Texas homes – a statistic that indicates the balance between supply and demand for homes – increased slightly from 7.3 months in 2009-Q2 to 7.4 in 2010-Q2.
Source: TexasRealEstate.com
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